India’s fourth largest private sector bank, YES Bank, is set to announce its fourth quarter results for the financial year 2018 – 19 (Q4FY19) on Friday amid expectations of up to 7 per cent decline in net profit on a yearly basis.
While analysts at ICICI Securities expect a 6.8 per cent decline in net profit at Rs 1,099.3 crore YoY from Rs 1,179.44 crore (Q4FY18), Elara Capital expects the profit at Rs 1,095 crore, a dip of 7.2 per cent. On quarterly basis, however, both the brokerages peg the net profit growth at around 9 per cent.
“Healthy traction